Did You Know That Many People In Montana Rent?
Sure, it’s a rural state and there are many landowners, but there are also quite a few people who rent. From Billings to Bozeman, there are a thousand reasons people choose to rent their homes. Whether they’re just starting out, downsizing, or simply prefer the convenience of maintenance being someone else’s problem, all tenants in the great state of Montana need renters insurance.
Official Montana Renters Insurance Guide
What do you know about renters insurance? How well are you protected? Are you protected at all? Renters insurance experts take your questions!
What Is Renters Insurance?
Renters insurance is best described as a homeowners policy without coverage on the structure itself. As a tenant, you’re not responsible for covering the building. You are, however, responsible for liability and your own personal property. Rather than having to pay out of pocket for a loss, renters insurance allows you to be covered for unexpected losses and be returned to the condition you were in prior to the loss.
What Is The Purpose Of Renters Insurance?
Most succinctly, renters insurance is designed to return you to the financial condition you were in before a loss occurred. Because you have renters insurance, you’re covered to replace things like stolen items if someone steals something of value to you.
What Is A Renters Insurance Deductible?
A deductible on renters insurance is the amount of risk that you retain. In other words, you pay the first x of any given loss and then the insurance kicks in up to the policy limit. If you have a ten thousand dollar loss and a five hundred dollar deductible, you’re returned to the condition you were in before the loss between the insurance and covering your deductible. If you have a total loss, you would get up to $10,000.
Can My Landlord Legally Require Me To Have Renters Insurance In Montana?
Yes, your landlord can legally require you to have renters insurance in Montana. Because you signed a lease with that requirement, you’re obligated to it.
Why Do I Need Renters Liability Insurance In Montana?
Montana renters insurance liability coverage doesn’t stay tied to the apartment. It’s tied to you, the insured. Because of this, it will protect you if you cause a fire that damages the building because of your negligence, but it will also cover you if you’re walking through the mall and drop your soda and someone’s child slips in it. If the parents sue you for the negligent act of dropping your drink, which was the proximate cause of the fall, Montana renters insurance personal liability coverage can respond and help with settling the claim quickly, defense costs if necessary, as well as making whole the injured person or persons. Here again, Montana renters insurance puts you back in the financial condition you were in before the loss. If you would have had to pay for the injuries out of pocket, you would be out that money. Liability coverage can make you whole again.
Where Can I Get Cheap Renters Insurance In Montana?
Effective Coverage, The Insurance Experts For Renters, has cut the fat from the underwriting and issuing process and designed policies around the needs of renters. This allows cheap renters insurance from Effective Coverage to be priced at the lowest possible payments. Because Effective Coverage doesn’t have television commercials or strange amphibian mascots, we’re able to give you the best price on renters insurance in Montana as well as the best coverage. Contact Effective Coverage today to find out how to best protect the things that are important to you and how little it costs!